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Why Credit Score Matters and How to Boost Your Score

A business owner's personal credit score can seal the fate of the business by determining access to capital, cash flow, and its ability to grow. Healthcare professionals who own practices rely on this marker of financial fitness as much as other entrepreneurs. Most medical practice owners need access to credit, whether it is to purchase or expand a practice, acquire equipment, upgrade technology, or [...]

Adding Ancillary Services: Is It the Right Move for Your Practice?

When facing common challenges such as reimbursement issues and increasing competition, medical practices may consider providing in-house services that complement their clinical focus. With proper planning, adding ancillary services can be the perfect formula for boosting patient satisfaction and revenues. However, as with any new line of business, a risk and benefit analysis is necessary to ensure that your practice is taking the right [...]

Four Ways to Re-Engage Inactive Patients

The financial health of your medical practice depends as much on attracting new patients as it does on retaining a significant portion of your patient base. But reconnecting with patients who have fallen off the radar can be a challenge for medical practices that are working with limited time and resources. Here are four steps your practice can take to re-engage inactive patients and [...]

Adding A New Service To Your Practice

Many of my first conversations with potential clients are about adding a new service to the practice. This usually means the need for equipment, training, possibly new staff, and marketing. Looking at the testing, services, and therapies that are being referred out is a good way to determine what ancillary services a practice that is interested in increasing revenue and patient satisfaction should consider. [...]

Should You Franchise or Go Independent?

There are many benefits of choosing to join a franchise: access to their name, a service territory, materials like staff training and management manuals, and marketing materials.  If you choose a franchise with good brand recognition, these can be great perks.  The initial steps of starting a home healthcare business-obtaining a license, marketing, training management and employees- may go more smoothly for franchisees than [...]

Simple Ways to Manage Your Business Credit

Access to capital is one of the biggest concerns for small business owners. Whether or not you can receive a loan is largely determined by your credit score. In addition to your personal credit score, consider these steps to build and manage your business's creditworthiness. 1. Determine whether or not you already have a business credit file. Small business owners should first know if they [...]

Focus On Your First Impression

Considering an office remodel or cost effective makeover? Focus on your first impression, your patients and clients will notice. Allocating time and resources to refurbishing your office’s waiting room, adding a touch of personal style to a warm and welcoming front room, will go a long way to enhance a visit to your business. Waiting room must haves: Features an effective waiting room can’t [...]

Why I Do This

On May 5, 2019, my first of four kids will turn 19 years old. This says a lot about what I’ve been doing for the last 20 years. Being a mother is by far the best job I’ve ever had. Being there through the good, the rough, and even the tedious, then watching them slowly grow into unique and wonderful young adults is beyond [...]